MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

284 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 6. Fair Value Disclosures (contd.) (a) Financial Instruments regularly measured using Fair Value - recurring items (contd.) Reconciliation of Level 3 fair value measurements of financial instruments measured at fair value Rupees crores Particulars Unquoted Equity investment Derivatives on Interest in Subsidiaries, Associates and Joint Ventures (Net) Investments in Optionally Convertible Preference Shares/Optionally Convertible Debentures Total Year Ended 31 st March, 2023 Opening balance of fair value .............................................................. 35.07 35.30 38.86 109.23 Total incomes/gains or losses recognised: — in profit or loss (a) unrealised gains or losses during the Year related to assets & liabilities existing on balance sheet date ...................................................................................... — (41.32) (604.00) (645.32) (b) gain or loss realised during the year for assets & liabilities disposed, settled etc.................................... — 5.72 — 5.72 — purchases/contracts entered during the year......................................................................................... — — 657.71 657.71 — in other comprehensive income Fair value of- — gain or loss realised during the year for assets & liabilities disposed, settled etc.................................... 10.00 — — 10.00 — disposals/contracts realised during the year......................................................................................... (45.00) — — (45.00) Closing balance of fair value ................................................................ 0.07 (0.30) 92.57 92.34 Year Ended 31 st March, 2022 Opening balance of fair value .............................................................. 65.62 (11.42) 46.29 100.49 Total incomes/gains or losses recognised: — in profit or loss (a) unrealised gains or losses during the year related to assets & liabilities existing on balance sheet date....................................................................................... (0.09) (3.32) (7.43) (10.84) (b) gain or loss realised during the year for assets & liabilities disposed, settled, etc................................... — 50.04 — 50.04 — in other comprehensive income Fair value of- — unrealised gains or losses during the year related to assets & liabilities existing on balance sheet date........ (30.46) — — (30.46) Closing balance of fair value ................................................................ 35.07 35.30 38.86 109.23 38. Financial instruments (contd.)